Note the geometrical confluences in the last hours of the 22nd (UTC-4).
A bigger swing is expected to influence the higher timeframes as well.
Notice the table, many consecutive hours with lower intensity can add up to a bigger cluster. It popped up because of the chart geometry; otherwise it may pass unnoticed.
A bigger swing is expected to influence the higher timeframes as well.
Notice the table, many consecutive hours with lower intensity can add up to a bigger cluster. It popped up because of the chart geometry; otherwise it may pass unnoticed.
Trade active
BTC reacted to the first time cluster (dotted and dashed vertical lines) and will reach the next one in 13-hours. The advantage of trading with cycles is that you limit the active trading to very specific times. The rest of the day I usually spend preparing trades or taking time off the charts completely :-)
Trade closed: target reached
We are all aware of what happened during the last hours of Saturday.Some markets react strongly than others to cyclical clusters.
Cycles do not pertain to a single market. Bitcoin does not have its cycles.
Cycles MANIFEST through markets, and each market reflects them differently.
Gonçalo Moreira
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Gonçalo Moreira
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.